Bitcoin Foundation vice chair arrested for money laundering

A senior figure in the Bitcoin Foundation, which lobbies on behalf of the digital currency has been arrested for conspiracy to commit money laundering and “knowingly contributing” to anonymous drug sales. Prosecutors announced on Monday that Charlie Shrem, the organisation's vice chairman, was arrested at John F Kennedy airport in New York on New York Sunday. The news comes as a major blow for the digital currency lobby group and its supporters including Tyler and Cameron Winklevoss. The twins, famous for the early involvement with Facebook, have become big backers of the digital currency. They said in a statement on Monday that they were “deeply concerned” by the news. A second man, Robert Faiella, has also been arrested and charged for the same crimes relating to his operation of a small bitcoin exchange under the name BTCKing. The charges, unsealed by the US attorney fo...